This property looks like a bad Long-Term investment with a projected -20.28% first-year return on $118k initial cash invested.
-20.28%
Cash On Cash
2.8%
Cap Rate
0.41
DSCR
$2,319
Rent
-$1,995
Cashflow
Cash Flow
$2,319 income − $4,314 expenses = $1,995 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,622
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,319
Total Expenses
$4,314
Mortgage P&I
138%
$3,190
Property Taxes
14%
$318
Home Insurance
9%
$203
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0